Business

Although the company said it honoured its pledge to reduce its price of cement to N3500, it accused the intermediaries and wholesalers whom the company said had prevented the intended recipients, the end-users, from accessing the reduced price. The management of BUA Cement Company has explained the reasons why its …

Airtel Africa Airtel Africa Plc has bought back 491,861 shares held by Citigroup Global Markets Limited in multiple deals worth £48m The deal is part of the company’s share buy-back programme which it announced on March 1, 2024. Airtel said it purchased the number of its ordinary “Shares of $0.50 …

Transcorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding more than N1.8 trillion to the market capitalization of NGX and further boosting liquidity in the Nigerian capital market.  The listing was celebrated on the …

Spotlight by Mmakamba, a foremost and leading experiential marketing agency known for crafting remarkable experiences, has concluded plans to host the second edition of this year’s Owambe Party tagged “Easter Vaganza”. Scheduled to hold on Saturday, March 30 2024 at the prestigious Amore Gardens, Lekki Phase 1 Lagos, the highly …

Sunil Bharti Mittal, Chairman of Airtel Africa has been awarded Honorary Knighthood, the Knight Commander of the Most Excellent Order of the British Empire (KBE), by King Charles III, in recognition of his contribution towards promoting India-UK business relations. The KBE is one of the highest honours conferred by the …

Users have expressed excitement with MoneyMaster PSB, the mobile banking app of MoneyMaster Payment Service Bank Limited (MMPSB), a payment service bank in Nigeria. Recently, MoneyMaster PSB developed a mobile banking app for the benefit of both its current and potential clients. Customers of the payment service bank now have …

Stakeholders across the organized private sector in Nigeria have raised concerns over proposals to increase the Sugar-Sweetened Beverage (SSB) tax, citing significant setbacks that will grossly impact the already struggling sector. They argue that the proposals for a tax hike is contentious at best considering Nigeria’s existing economic challenges. With …

Telecommunications services provider, Globacom, has unveiled a strategic business solution, “Glo Outsource Pro”, which lets organizations focus on their core skills while outsourcing some of their non-core operations. This approach improves productivity and lowers expenses while also improving customer experiences. The “Glo Outsource Pro” enables companies to delegate specific operational …

  Spotlights Role of African Philanthropy in Transforming the Development Agenda in Africa   At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and impact of the Tony Elumelu Foundation …

Price pressures intensified in the Nigerian private sector during February and were unprecedented in over a decade of data collection. Both input costs and output prices increased at the sharpest rates on record, with rising prices impacting demand. As a result, rates of expansion in output and new orders slowed …